Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

...MORE

This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

585 Cox Rd Hemingway, SC 29554

3 Beds 2 Baths 1,520 sqft Built 2002
Last updated:  Jan 23, 2020

INVESTimate

$44,903

$42.7K - $47.2K

Price Est.

$1,087

935 - $1.2K

Rent Est.

$46,331  ( +3.18%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 3349 JAPONICA RD N JACKSONVILLE, FL
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955
    AVAILABLE
    • 14.68% GROSS YIELD
    • $6,334 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $85,000
    • $28,275
    • $1,040
  • 1424 BRETON RD JACKSONVILLE, FL
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950
    AVAILABLE
    • 14.27% GROSS YIELD
    • $5,871 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $79,900
    • $26,924
    • $950

585 Cox Rd PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $29.54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,520 sqft
  • Baths : 2 Full

585 Cox Rd SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

HEMINGWAY

  • 8,930

    POPULATION
  • 3,287

    HOUSEHOLDS
  • 43.0%

    WHITE COLLAR

Neighborhood : HEMINGWAY

HOUSEHOLDS
3,287
POPULATION

8,930

18.3%Renters
81.7%Home Owners
LABOR FORCE

 

43.0%White Collar
57.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,087 per month.

MY RENT : $1,087 MEDIAN RENT : $878

Rent % Distribution LEVEL
$500-699 0.6%
$700-899 54.6%
$900-999 11.5%
$1,000-1,499 31.5%
>=$1,500 1.8%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,087 would therefore be considered affordable for annual household incomes greater than $43,480 (12 months x 3.333 x $1,087).

Rent % Affordability
Above $500 72.8%
Above $700 60.7%
Above $1,100 43.3%
Above $1,500 28.1%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 1,151 of households in this neighborhood have a total annual income of $43,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,087 per month.

MINIMUM INCOME RANGE : $43,480

Income % Distribution
<$20K 27.2%
$20K-$35K 19.7%
$35K-$60K 25.0%
$60K-$100K 18.5%
>=$100K 9.6%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 7.9%
10-14 mins 10.4%
15-19 mins 8.2%
20-29 mins 9.1%
30-44 mins 26.4%
45-59 mins 16.1%
>60 mins 17.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,087 per month.

MY RENT : $1,087 MEDIAN RENT : $878

Rent % Distribution
$500-699 0.6%
$700-899 54.6%
$900-999 11.5%
$1,000-1,499 31.5%
>=$1,500 1.8%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,087 would therefore be considered affordable for annual household incomes greater than $43,480 (12 months x 3.333 x $1,087).

Rent % Affordability
Above $500 72.8%
Above $700 60.7%
Above $1,100 43.3%
Above $1,500 28.1%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 1,151 of households in this neighborhood have a total annual income of $43,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,087 per month.

MINIMUM INCOME RANGE : $43,480

Income % Distribution
<$20K 27.2%
$20K-$35K 19.7%
$35K-$60K 25.0%
$60K-$100K 18.5%
>=$100K 9.6%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 7.9%
10-14 mins 10.4%
15-19 mins 8.2%
20-29 mins 9.1%
30-44 mins 26.4%
45-59 mins 16.1%
>60 mins 17.7%

HEMINGWAY Demographics

INDUSTRY

Industry % Distribution
Construction 7.2%
Educational Services 12.9%
Health Care & Social Assistance 12.9%
Manufacturing 23.5%
Retail & Wholesale Trader 12.1%
Transportation 8.4%
Other 23.2%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 30% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 17.1%
15-19 8.2%
20-24 5.2%
25-44 20.8%
45-65 29.8%
66+ 19.0%
OCCUPATION

Occupation % Distribution
Clean 6.8%
Construction 7.0%
Healthcare 10.5%
Natural Resources Maintenance 15.1%
Production & Transportation 24.9%
Sales & Office 18.0%
Other 17.6%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.2%
High School 45.3%
Masters Degree 4.0%
Some College 16.3%
Some High School 22.7%
Other 5.5%

585 Cox Rd Comps

Sorry, we do not have sufficient data available.

585 Cox Rd, Hemingway, SC 29554 is a single family home of 1,520 sqft. HomeUnion INVESTimateĀ® for 585 Cox Rd includes a Price Estimate of $44,903 and a Rent Estimate of $1,087. This single family home has 3 bedrooms,2 bathrooms, and was built in 2002. This property has an estimated 15 year annualized Yield of 29.05% and Total Return of 44.98%. The estimated 1 year forecast in home value for 585 Cox Rd is 3.18%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in SC , WILLIAMSBURG County , or the 29554 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Similar Investment Properties By List Price within 2 miles

No Properties available

Nearest zipcodes within 2 miles

No Zipcodes available